Oh brother oh brother oh brother. Good morning, Good morning, Good morning. Welcome back to another episode of the Matt core. Show Episode 69 Today is Monday January 8th And yeah, don't yell at me.

I'm starting early today. I Know that the time says 9:00 a.m. I Get it, But welcome to my world. In the world of the Mcore show, you never really know when we're going to start start.

You never really know when we're going to end. No more of this structured show stuff of here's the exact start time. Here's the exact end time. Sometimes there's more things to chat about, other times there's less things to chat about.

Today is one of those days where there's a lot to chat about. If you were sleeping under a rock over this past weekend, you missed a lot of action. This isn't everything, but let me just give you a little taste of what's to come. First of all, Elon Musk Being br brutally attacked by the media, basically calling him a crackhead, a drug addict.

So they're basically the media is being the media. You're probably yeah, No, that makes sense because he's basically taking on the media and they don't like his narratives and blah blah blah. So the Wall Street Journal came out with effectively a hitpiece. So I want to get into that I Want to talk about what it means, what it doesn't mean, and how they're just basically blatantly lying.

So we're going to get into that the other crazy story and I hope you guys saw this one was Bill Amman Uh so Titan on Wall Street uh he is the guy that was somewhat associated with the world of Wall Street saying hey University of Pennsylvania Harvard MIT It's pretty bad that your Presidents won't condemn the calling of genocide of your Jewish students like maybe you should be against that. So he was kind of involved there. so we've talked about him a little bit but over the weekend this guy lost his mind. So their Business Insider the same organization that came after Dave Pornoy and Barol Sports and all that stuff like no one really like respects him anymore.

They came out with an article calling his wife a plagiarist and she's um I believe a professor at MIT do she got her PhD um or her doctoral thesis back in 2010 from them and anyway they came after him and I don't think I've ever seen anyone more unhinged this guy. It's kind of. You're going to hear me refer to this again in the future. Uh, probably on this show but it reminds me of billions with Bobby axod of like when he's like what's the point of having you money if you don't say you you now have a billionaire who's proven himself to be Petty and you came after his wife so he went full full guns of Blazing against Business Insider over the weekend and we're going to be breaking down the whole thing.

It is truly truly W wild and then Dave Porno got it like kind of heard about it so he's joining up and then obviously even Elon Musk said something I Would not be surprised I mean I know we're only what a week into 20124 I Would not be surprised if Business Insider is no longer a company by the end of this year like it got that out of hand. So very excited Again, that also crazy story related to Pat McAfee uh we covered this a little bit but Pat McAfee Aaron Roders obviously the famed quarterback. he comes on the show quite a bit like once a week and then something with like him and Jimmy Kimmel were going back and forth. we covered that story last week.

well apparently it got even more out of hand and now Pat Maae I believe his show is actually suspended from ESPN which is interesting because it's actually one of ESPN's biggest shows. So I want to get into all of that and then in the world of pure finance and trading and degeneracy itself, we are within the expected week to hear from the SEC the SEC as it relates to the spot Bitcoin ETF has up until January 10th to respond folks, that's this Wednesday So the 8th, the 9th, the 10th Monday Tuesday Wednesday and already this morning we are seeing a hilarious development with Bitcoin Spot ETF pricing Wars So all the big players Arc uh 21 shares? um Black Rock. Bitwise, all these companies keep lowering their prices of the ETF because the other ones are lowering their prices and they're kind of doing it. It's like uh, it's a race to zero because everyone wants to be the cheapest because really, the company that gets the first biggest influx, there's a very good chance of be them being the winner.

uh as in just having more money within their ETF So even this morning everyone's just slashing their prices across the board. It is so funny to see play out. So I want to give to that and I want to give you the update of like where things actually truly stand with respect to the ETF the approval and also some interesting implications that this actually will have on coinbase, the company, the stock. So I want to get into that as well From there in terms of like normal Market stuff.

which is, with all this craziness, it's almost hard to believe that there is still crazy normal Market stuff going on. Uh, we have some important political updates of just what's going on with the government spending, what's going on with our budget. Are we going to shut down again? Uh, we have a lot of macroeconomic events this week. We have two different inflation reports, we have two different Bond auctions and we have four different fed speakers That's all going down this week and it's also the start of earning season.

This Friday is the official start of earning season, which is commonly marked by the reports from Big Major Banks JP Morgan Black Rock City Wells Fargo B and melon. And then we'll also get the health insurance play Bny Melon. So there is two, not just one, but two. not all the way up to three, but not one, but not three, but two two metric fuckloads of noise news that we have to get into.

So I hope everyone's ready I hope everyone's ready I don't know what's going on, you guys aren't I Guess you guys don't have coffee in your system I'm I'm the one who's been up since 5:30 just completely completely chugging coffee coffee Celsius Coffee Celsius That's how I do it in the morning I just go back and forth and sometimes when I'm really feeling a bit crazy I do them both at the same time I'll just start chugging Celsius and coffee I'll put it all over my face. That's how I wake up in the morning. So if you guys are at the point in the day where you're like a like I'm not really like feeling it quite yet. That's my big tip to you.

Matt Wick Beard I don't I don't know what that means. Uh, you might be saying something negative, but I'm going to take it as a positive. Um I don't know LOL and 10 minutes you said what? CNBC takes five hours to spit out Gary That's what you pay me the big bucks for. That's what you pay me for the big bucks.

And when I say big bucks I mean your positive enthusiasm when you come in here saying good morning. Um so I appreciate that. Yeah, dude, that's cuz we do it better here. That's cuz we do it better.

We're not beholden to our farm fizer sponsorships. You meant like John Wick you know what I need to do I'm thinking all right very quickly. There's two personal things that I want to get out of the way before we really get going. In terms of beard talk: should I shave this like should I make the line a little bit closer to my jawline.

Um, because like if I go like this, it looks like a double chint. but I don't really have a double chin. so I think it's like an optical illusion. Like does anyone who knows about beard should I like kind of cut it right like that.

does that make S no, Is that not the way to do it? This is the first time in my life I've ever really grown out my beard? Um so I'm looking for Beard tips and tricks. No uh no sir, don't do it. It's a no strap. wait.

absolutely no neck beards. No, don't take the line to the don't do it I Thought this was going to be a smart suggestion, but I'm getting a lot of uh nose on it so like leave it at the length that it is right here. don't you should? You should shave everything but that so only leave this. That's an interesting suggestion.

We'll definitely be taking that into account. Um, okay, two fingers wide from the that's what I'm saying like just like basically like clean this up like imagine if this came up like half an inch. right right here. like and kind of did like right.

like over here. uh, it's a hair lining. don't push it back, no neck beard, no neck beard, no chin strap. I'm not really sure what you guys n no need full stubble or chin strap.

I'm very confused on what you guys keep it. no half stubble. All right. I'm not really sure if you guys are telling me to do it or not.

So the first personal story. definitely a bust. but the second personal story is what I very quickly want to get into with all of you. So last week you guys know that I injured myself to kick off the New Year squatting something with my hamstrings and my sacrum.

I Don't know what it was, but I was basically just doing a warmup on the bar. no weight was on it, just the bar and I was trying to stretch out my lower hip. I think from sitting all day because of this job, my posture is not the best and I think it's basically affecting my muscles and also my skeleton. Um so anyway I could feel that things were kind of tight so I just had the bar on my back and I was in the depth of my squat position I was just kind of holding it, stretching it out and then I tweaked something and it was the second worst back pain I've ever been in my life I literally laid on the gym floor for like an hour till I could get back up to my apartment where I took an ice bath after that I got heating pads.

it became this whole thing. but in the past whenever I've injured my back doing sports I realized it's never really a skeletal issue for me. knock on wood, it's been more of a muscle issue. So what I really find like gives me I guess um not only a bit of healing but just pain relief is cupping massages like you know the athletes when it looks like they were in a fight with an octopus.

So anyway it it's just called cupping and they do a suction thing and they just run it with the length of your muscles and you end up feeling better and you could look into the science of it. But personally I'm a big fan so I thought to myself okay cool, this is what I need to do I need to find someone close to me that can do it the very next day I found someone Am I going to sneeze anyway? uh I basically went to her, got stretched out, did all the massage. she even did some acupuncture every single day this last week and it helped a lot. like instead of my pain level being at like a seven or an eight, that like I would have random spikes up to there it became like just a dull number two where if I just took an a leave or something I didn't feel it at all so it really truly did help.

But then I'm starting to think I'm starting to think that this doctor, this massage therapist, this chiropractor, whatever she is think she's flirting with me I ran it by my fiance cuz I was embarrassed I was like Hey fiance. Just so you know, there's other people you know throwing their hat in the ring for old mat boy here. uh ain't just you anymore and then I showed her the email and the email from the massage therapist said hey, checking in want to make sure you feel okay. Here's the number and email if you want to schedule another appointment I don't know about you guys sounds a little bit flirting.

the number and the email to the office. In my professional career, you just need the email but to give me the number and the email checking into to ensure that I'm no longer in I don't know. maybe I'm reading into it. maybe I'm reading into it.

but it has the vibe of Hardcore flirting like it even has like the cly scheduler thing like where you could see where they have openings and you could just put your massage time in one of the open available slots. I Don't know man it feels feels like I'm flirting with the devil you know, feels like there's a little bit of Temptation going on. um she she definely wants to marry you. uh fun fact when I went on Friday I think they forgot about me.

So they start off with acupuncture and then when they do it they're like hey all your muscles are super tight and I was like was like welcome to my world babe and they put all like the weird little acupuncture needles in you I think they forgot about me because the next thing I knew I was like asleep and you know like sometimes when you're falling asleep your body does like a random jerk. uh that happened to me and like an hour and 15 minutes had passed and I'm like what and she came in she's like did you fall asleep I was like I think so and I was like completely disillusioned of what time it was and I had all these needles in my back and I'm just like jerking around and I'm pretty sure I just passed out and they forgot that I was in like the corner office getting acupuncture so that's that's what happened to me. Just you know, people flirting with me still want to know if I'm coming back for another massage? Um so I want to share that those were the two personal stories from over the weekend, the beard question which I'm still not really sure what I should or shouldn't be doing and then also the fact that some girls are still still finding me hot. So with all that out of the way I do want to jump into things kind of quickly cuz I do have other important news to get into and I have way too many tabs.

it's not even this many tabs I have whole other Chrome Pages open of things we need to get into. so let's go through some of the news just so I can actually start closing down some of these tabs Dow futures fall 200 points after Wall Street Snaps Nine week nine week winning streak Boeing share slide. So we will get into the Boeing story which if you're long on Boeing right now I feel bad for you and obviously we're seeing a little bit of a rally. Uh, we're kind of just above.

we're in between the high and the low from Friday and just above the close on both the spy and on the Q's which we found out from the private stream on the Discord over the weekend that that actually has really, really good odds of staying above the close. Now, if you're curious of what I'm talking about, Pinn to the top of chat in the description of the video Mls.com Sign up for that. Use the code 20 24 that will get you premium membership for free and that's how you get connected to the Discord. You have to be a premium member, but we could talk about that more in a second.

Let me do my job right and get you guys set up for the day. Dude, this is already lagging because I have half a gazillion tabs open. Treasury yields are little changed as investors await key economic data. which sets us up for what's going down this week.

Just so you know, nothing too crazy today. it all kind of comes later in the week. Wednesday We had the 10-year note auction on Thursday the Third year bond auction. So, two auctions this week.

When it comes to the world of treasuries, we also have two inflation reports Thursday and Friday CPI and then PPI respectively. And then throughout the week we also have four different Fed members. so two treasury auctions, two inflation reports, four Fed members. Those are all the major macroeconomic events for this particular week.

Speaking of the FED members, Fed pivot will dominate year of rate Cuts in turn of global cycle. So if you don't know what's been going on in terms of monetary policy to get us through the Rona period, the Federal I guess the FED reserve the it's a non-government It's actually private. It's not even really the government. Um, it's this private Illuminati esque entity that decided to print a bunch of money.

So when they printed a bunch of money that sent everything, Skyhigh Because they were basically putting a bunch of money like that's where stimulus checks come from. blah blah blah like the list goes On and on and on. They were printing money like a drunken sailor to the tune of trillions of dollars. When you do this, when you increase the supply of your money, it devalues it.

And then that's also how you get inflation. So obviously our inflation started to run rampant when, like, really, it caught up to what's going on in the world. And then then the Fed's like, wow, We should probably fight that so we don't get into hyperinflation and even worse, stagflation. So the FED instead of keeping us in the state of quantitative easing where the FED fund rate is at zero, they're like, okay, we need to lessen demand, lessening demand is how you fight inflation.

They did that by stop giving out stimulus checks, stopping with quantitative easing going to quantitative tightening. I.E Raising up the FED fund rate. Basically, they're trying to. instead of making every, instead of making money cheap, they were making money expensive.

That's what you do to fight inflation now. Unfortunately, this isn't a scalpel esque tool. This is more of like a very, very broad hammer. And hey, you wish we had a better tool.

But this is apparently what we have for the way our economy is run. So we were jacking up the FED fund rate and inflation started to come back down. So in June of 2022, uh, we actually peaked at 9% And that's important because we should be at 2% right now. I Want to let you know that we're in the mid threes? We're still above what we should be at.

We're just not going as much. So when you hear Biden say stupid things of like inflation is no longer a problem, bring down your prices. No, that's dumb because every single month we've been going up, we're just going up at less of a velocity. Now instead of skyrocketing up, we're just kind of going up.

But like with less velocity, that's the best way to explain it. The metaphor I use in the past is imagine you're driving in the wrong direction at 90 miles per hour. Well, now we're driving in the wrong direction. just at 30 mph.

So we're still going in the wrong direction just with less speed. So that's the current situation. and uh, Biden he'll contort all this and try to tell you that Bomic is working. He's wrong.

He's stupid. If you believe it, you might want to believe it. but it's more of, um, not grounded in reasoning or fact. It's just that you probably particularly don't like Trump Like that's Mo like if you're being honest with it, that's most likely what's going on.

There's no economic mathematical logical reason for saying that Biomics is good, because like the the numbers are in folks, we see the way it's going. It's just in inherently not true. So that brings us to now now that inflation is coming down and they don't want to overdo it, They don't. They don't want to overdo it.

They don't want to underdo it. It's a goalie lock situation. so if you underdo it If the Fed doesn't do enough, then we're going to have a situation like the 1970s where they inflation went up, It came down, they underd it, and inflation spiked back up. That was in the mid '70s We don't want that again.

That's what happens if you underdo it. If you're I guess whatever. your porridge is too cold. Now if you overdo it, you crash the entire economy.

You could have a recession. If that gets out of hand, it could go to a depression. so that's going too hot. Then what we're trying to do is kind of thread the eye of the needle and we want it to be like perfectly right.

The perfect temperature. Where all right. We do enough to bring it back down. but we don't overdo it.

We don't underdo it. That's what they're attempting to pull off. And then that brings into now the current main question of when are we going to start doing the red Fed Rate Cuts if you do them too early, Uh, uhoh, inflation spikes back up if you do them too late. Uhoh, Recession, depression, economic collapse.

So that's the golden question right now. Depending on what source you use, there's anywhere from 3 to four, to 5 to six Rate: Cuts expected this year. Six seems a little much. Three might be a little bit, not enough type of a deal and then not only the size of them and how many we're going to have, but more so of the timing is the first one going to be in March A lot of people are going to say we have it before the quarters out or is it going to actually be in Q2 of this year.

All of these are expectations and in all reality, we could all have an opinion. but I don't really see the point in making an opinion or a prediction when we all know it's going to be databased. So between now and March we're going to have inflation reports. We're going to have unemployment reports.

We're going to have retail sales reports. We're going to have an earning season. There's so much pivotal information between now in that March decision point that let's just wait. Like, why? why make a prediction when we could just chill out for a second and wait for the information to actually come in? Um, at least that's how I am particularly going to be attacking the situation.

Congressional Leaders reached $ 1.59 trillion deal on Topline spending pave the way for deal to fund the government. um, our government I mean I Before was making a joke that the FED spends money like they're drunken sellers, but it's actually the government. I Don't necessarily think we have a tax problem in the US I Think we have a spending problem I Think very, very much from the poorest people to the richest people that the US government receives enough in taxes. I Think all economic breakdowns of our tax situation suggest that I Think the bigger issue is our government spending and they're the ones truly spending it like drunken sellers.

This isn't necessarily a left thing. it's a left and a right thing. Because obviously you need some sort of bipartisan agreement to get all these budgets and everything pass. We spend money like no other.

And I mean if you look at just like we pay billions of dollars a day in just the interest on our debt, billions a day? I Mean right now what we just cost 34 trillion in debt, our deficit is bad, our debt is ripping, and then the interest onset debt is billions. Billions and billions and billions. It's a clown show. That's who it.

It's not the Beltway It's not the swamp. It's a circus. That's what Congress is. That's what Washington DC is.

It's a liveaction, large circus and the only reason it's not that obvious is because it's geographically too big of an area to get a big red tent over it. Folks, you might want to fact check me on this. I've looked into it. No place in this world do they sell a circus tent large enough to go over DC But if they did, you could be rest assured that it would be there.

You could be rest assured that there would be a giant giant giant circus tent. and there would be professional makeup artists. Every single day as a politician walks in, they'd put all the white on them, they' give them a red wig, they give them a honky nose. It's just.

apparently at this point in time, it's not only POS not possible with the circus tent size that would be required, but also it's apparently just not in our budget to pay for all those makeup artists. But feel free to check me on that one. you know you can. You could do your own due diligence.

Biden and Johnson Two clowns set for crucial battle over border. Ukraine Aid So this is tying back to the budget. Will it get approved? Will it get approved? Obviously, they are diametrically opposed on where the money should go, where it shouldn't go. Uh, in all reality I Don't know about you guys, but it feels like Ukraine's been completely forgotten about.

Like at one point in time Ukraine was the thing. and then all of a sudden we had Hamas and Israel that happened and then people really forgot about I feel like people were already fting forgetting about Ukraine and then it really went away with the whole Israel Hamas thing and even that is seemingly kind of going away. to the point now that I think the average US person is like I don't really pay attention to either of them. but yeah, no.

apparently we're still giving Ukraine money even though like no one here is talking about it whatsoever. Um, so that's kind of a wild thing. It'll be interesting to see how that plays out. Beyond that, that's kind of a little bit of a larger picture as I alluded to before, we are still at the start of earning season.

So yes, there are earnings. Maybe the one you might care about early on is tilray for all my jazz cabbage fans. But really, technically earning season starts this Friday JP Morgan Bank of America Wells Fargo City Black Rock B&y melon. Then we also have an airline play Delta and a health insurance play United Health Group Uh, so it gets Friday before Market open.

Make sure you're paying attention to that. So even though I'm talking about Delta uh, there's more of an interesting story developing in the world of air travel. Boeing shares slide 8% in pre-market trading after the FAA grounds dozens of 737 Max 9es. so I Okay, I do have the video for you right here.

A key piece of Boeing 737 found in Hunt for Clues on plane blowout and I'm not talking about a new style of plane where there's a barber, a salon and everyone gets into the plane and they look ruffled and their hair's not kempt and then they get off and they look like red carpet ready. No no no, it's not that type of a blowout. I'm talking about about the blowout where like the side of the plane went poof gone and yeah, maybe maybe you saw it on Twitter over the weekend. or maybe you were more of a reasonable human being and spent time with your family, friends and loved ones and just didn't spend literally 24/7 Doom scrolling but I did so I Want to share this with all of you Now the door plug from the Boeing 737 Max 9 Jet which suffered a fuselage panel blowout has been found in a press conference.

The US national Transportation safety board also said the cockpit voice recorder was unusable. The circuit breaker for the CVR was not pulled. Uh, the maintenance team went out to get it. Uh, but it was right at about the 2hour mark and it was completely overwritten.

At two hours. it writes it, re-records over it so we have nothing from the CVR nothing. Let's go more then from Bloomberg Aviation editor Benedict Cel Benny What else is the safety board saying at this point? So we had a press conference from the safety board last night. this was the second one and and they're really keeping very close eyes on on this.

Uh, there are Crews on the ground teams investigating the aircraft as we just heard the cockpit voice recorder. Unusable, but frankly, uh, there have so many other things to go by that this this is sort of an annoyance but nothing that should crucially sort of impede the investigation. Uh, we have as you said now found uh, the door panel um the the the plug as it's called. um so that will give some vital Clues as to what might have happened.

Just to recap this, uh this this plug came explosively flying out of the left side of the fuselage. this was late on Friday Nobody was seriously hurt. but again the NTS say in their press conferences just how incredibly lucky everybody was. They released a little bit more detail yesterday on the actual incident including that the Pilot's door the cockpit door flew open as pressure rushed out of the aircraft.

That gives you a sense of just how violent this reaction was. This is a fortified door that is normally locked so for that to of burst open gives you a sense of what could have gone horribly wrong and and everyone was very lucky that it didn't and everyone was able to get off this plane alive All right. So I'm not the biggest Boeing Trader But if you're curious why it is currently getting absolutely annihilated in pre-market nice push to the upside. Closed at 249 and now it's trading at 232.

so down 7% in pre-market trading. Just to give you a little bit of info on that, Short Sellers see distress emerging in apartments. as borrowing costs surge, Short sellers hope to profit from bets against multif. Family Apartments Uh, these apartments are valued at 67.1 billion are potentially distress, so just want to let you know of an interesting development.

I'm not the biggest real estate guy I'm not the biggest Re guy, but it is always interesting when you see a giant spike in one particular bet and people are saying hey, uh uhoh Just when money becomes more expensive and that's what's going on, That's what's been going on for the past year. When money becomes more expensive, all these mortgage rates are going up. Really, any interest bearing product is going to have some sort of impact. Um, this is what happens when the FED jacks up the FED fund rate.

Money becomes more expensive all of a sudden. anything interest payments are going to go higher, your debts going to become more expensive. Just all this goes up. and then it eventually has real world effects.

So I just wanted to share that with all of you. New Year new Trader Maybe the same old Deen If I'm going to be completely honest, this is my newsletter. I Give this out for free. You don't even have to be a premium member every single weekend for free.

this comes to your email inbox. Everyone should sign up for it. it's pinned to the top of chat. it's in the description of the video.

so you could be a member. or you could become uh, a supporter which is basically a premium member. So member supporter. Even if you do the free thing, just a member, you get this every single weekend for free.

But also, you can become a supporter a premium member for free by using the code 2024 so it's pinned to the top of chat. it's in the description of the video I break down the previous week what I'm looking towards in the upcoming week I give you all the major macroeconomic events I give you all the upcoming earnings and then I also particularly highlight the ones I think you're going to care about and then I give you the seasonality for every individual trading day of the upcoming week. So for example, today, Monday January 8th Historically, over the past 25 years the Bulls have won this day 60% of the time, The profit factor is 1.62 and the buyas is bullish. And here's a look at the equity curve produced by buying it open selling at close on the S&P 500 futures Market Obviously a pop, a little bit of neutral and then recently over the past couple years a trend to the upside.

So this day does favor the Bulls. Now is that a guarantee? No, it's telling you the Bulls have won about 60% of the time. which is better than flipping a coin, but it just gives you a better idea of the headwinds and the tail ones obviously. Tuesday Wednesday Thursday Friday I Give you every single day.

Um, so hey, it's free. You literally you don't have to do anything like there's no risk to you and especially like on the top of the fact that you could become a premium supporter by for free by using 2024 Uh, that is the code for the month of January This is where you could get the zero DTE trading system. uh, every single day. So obviously at the end of the week I give you a wrap-up.

So for example, over the past week, um Tuesday Wednesday Thursday Friday it missed. Uh, excuse me Tuesday Wednesday Thursday Friday it missed on Thursday but that was actually the lowest bet day. Well 1X multiple 3x 2x 2x 2x 2x so it ended up going 14 for 16 units. Uh, obviously it wasn't a perfect one.

I Can't sit here and say it was batting a thousand. It didn't but also that's not real. Trading Very happy that the day it took a loss also happened to be the day that it decided to bet the lowest. Which means the system was the least confident with that day, but still confident enough to bet.

So overall, Uh, currently in the month of January it is 14 for 16 units and so if you're interested in this type of stuff in real time, that's exactly what I put in the Discord Also I put my personal traders in the Discord other Traders put their trades in the Discord They chat throughout the day. there's a gaming channel, a sports gambling Channel We do trading competitions. There's weekend discussions where it's kind of either options teaching, systematic trading teaching, so there's private lectures there every single weekend. So if that's your interest, if that sounds intriguing to you, you have nothing to lose.

Use the code 2024 that's a free month and then I believe within the first month that you'll be able to make enough money to pay for the first year or even multiple years. So truly no risk to you if you don't make money in the first month. hey, no harm, no foul, you could just cut it and be like, all right, maybe not the service for you that's completely understandable I won't won't hold you to anything. And then I Also do chart breakdowns of what I'm looking for at the Spy The Q's Bitcoin Tesla Nvidia Meta Microsoft Netflix Apple Amazon uh and then also the times my totally real fiance told me to shave my beard 88 yeah, clocked in at a pretty high number last week.

So chart breakdowns: seasonality, options, trades, earnings, macroeconomic, and you could get this thing for completely free. So anyway, pin to the top of chat in the description of the video. Five things to know before that: Stock Market Bell goes dingy ding dingding today Monday January 8th A bumpy beginning referring to the overall market right now, we're pretty much pinned to the close of Friday where the Spy slightly above it. the Qes are slightly above it.

but if you look at the daily chart, it tells a bit of a different story. really. Thus far in January kind of just down, lower highs, lower lows, slight downtrend. But to be a bit more optimistic about it, the trend in terms of the EMA Club it's still holding.

we're pretty much pinned to the 20 EMA right now. Decision time: we either push and break above 471 or we potentially fall down to 363 360. Right here. it's more of over the past 3 days range Bount are we going to break out or we going to break down? Only time will tell and it'll most likely be decided by those major macroeconomic events and also the earnings from some of those big players.

at the end of the week. Boe Wo continues. Obviously, we just covered that. Uh, staving off a shutdown, we talked about that.

Congress Biden Jordan Audio Adver Adversity Audacity The largest US radio company said it plans to file for chapter 11 bankruptcy o That's not good. 2023 in charts. All right, that doesn't really matter much I Read it. it was kind of boring.

Honestly, a little bit boring and perfect. We still have enough time. as I alluded to at the start of today's show, there was various stories that developed over the weekend that I thought were absolutely fascinating and this is the first one. I Can confidently say without a doubt that Elon Musk is being attacked by Media or maybe a better way to say that is the establishment.

This was just posted by The Wall Street Journal and as you're about to find out, it honestly makes me like Elon Musk more and it kind of makes me want to invest even more in Tesla Elon Musk has used illegal drugs. Worrying leaders at Tesla and SpaceX Some Executives and board members fear the Billionaire's use of drugs including LS cocaine, ecstasy, mushrooms, and ketamine could harm his companies. First of all, sounds like a fun guy. But more importantly, this as you're very quickly about to find out, is maybe not 100% true, not 100% forthcoming.

Elon Musk's drugs use is the latest headache for Tesla's board. The Wall Street Journal says Elon Musk's drug use is worrying Executives and board members at businesses he runs the journal cites Witnesses saying Musk has used LSD cocaine, ecstasy, and psychedelic mushrooms often at private parties. Musk said in August he had a prescription to use ketamine as an anti-depressant Musk didn't respond to requests for comment, so he did not respond for requests. But he went very, very public with this whole thing by stating TMZ has vastly higher standards than the Wall Street Journal actually.

So let me tell you actually what the Wall Street Journal said and then what? Elon's overall responses were Elon Musk and his supporters offer several explanations for his contrarian views, unfiltered speech, and provocative Antics they're an expression of his creativity or the result of his mental health challenges, or Fallout from his stress or sleep deprivation. Now, before we get into the rest of this: I Want to make one thing very specifically clear on an individual level: I Understand: Elon Musk might not be your cup of tea. You might find him a bit prickly. You might find him a bit inappropriate.

You might not like how he is a contrarium, but if you cannot admit that he is a net good for Humanity you're just being ridiculous. He's leading the eveve revolution. He has the borrowing company, he has neuralink, He has Starlink, He's giving the globe internet. He's doing space travel.

In terms of the human species, he is the definition of progress now. I Get it? You might not like him individually, but if you cannot admit the immense progress and the immense net positive ad he is for all of us, you're just being unreasonable at a certain point. Anyway, let's continue. in recent years, some executive and board members at his companies and others close to the billionaire have developed a persistent concern that there is another component driving his behavior.

His use of drugs, which you're about to find out, was not maybe fully agreed with when they actually talked to board members and they fear that Tesla and SpaceX Chief Executives drugs used could have major consequences not just for his health, but also the six companies and billions in assets he oversees. According to people familiar with Musk and the companies the world's wealthiest person has used LSD cocaine, ecstasy, and psychedelic mushrooms often at private parties around the world where attendees sign non-disclosure agreements or give up their phones to enter. and Musk has previously even smoked Jazz cabbage the old Mary Jane in public and has said he has a prescription for the Psychedelic like cemine. obviously the first part of that referring to Joe Rogan and the like thing that is now a classic internet meme in 2018.

for example, he took multiple tabs of acid at a party he hosted in La a party in La Color Me Surprised the next year he partied on magic mushrooms at an event in Mexico In 2021, he took ketamine recreationally with his brother Kimble Musk in Miami at a house party during Art Bosle. He has even taken illegal drugs with current SpaceX and former Tesla board member Steve Jinson. All right. so that's what the Wall Street Journal is reporting on.

Now let's see what the Internet actually came up with. So if you look at this account, great account. Whole Mars catalog. Kind of breaking down some of the interesting aspects of it.

The one that I found most interesting is Musk. did not respond for comment. An attorney for Musk Alex Speo said that Musk is quote unquote regularly and randomly drug tested by SpaceX and has never failed to test Speu, who said he represents Tesla added in response to detailed questions that there are other false facts in the article but did not detail them. I Don't understand why mainstream media believes that they are entitled to a response if the lawyer doesn't want to respond if Elon doesn't want to respond.

We all know that mainstream media takes whatever you say and they're going to spin it to make you look look even worse. So why would you respond right there? They didn't respond. so like they assume the lack of response is the admission of guilt blows my mind. But anyway, then you had Elon following up after the one puff on Rogan I Agreed at NASA's request to do three years of random drug testing.

Not even Trace quantities were found of any drugs or alcohol. Wall Street Journal is not fit to line a parrot cage for bird crap. So right there we have one story from the Wall Street Journal basically making it seem like Elon Musk is a chronic rampant drug user. But then when you start to actually check the story, the scoreboard of what's actually going on, you're going to realize that ever since the Joe Rogan appearance where yes, he did smok the Jazz cabbage all of a sudden, NASA's like hey man, we're going to need you to start doing drug tests.

They did it for three years and nothing was ever found. So it is kind of interesting. Like why didn't the Wall Street Journal include that with NASA and NASA saying yeah, no, he We've never found anything little bit interesting, but hang on, it gets even better. I Always thought Elon Musk lived in a $50,000 house in Bach Chica, but it turns out he lives rentree in the heads of mainstream journalists.

Obviously, there's always going to be, uh, a sense of Comedy to all of this. and really, the internet did particularly run with this one, but it kind of starts to beg a more serious question. The media is harder on Elon Musk for smoking one puff on Joe show 3 years ago than it was on the Biden Administration when cocaine was found in the White House. It's a joke, but it's only funny because of how serious that is.

So the mainstream media is losing their mind that Elon Musk How is it possible that a guy who's such a contor and a guy who breaks all the rules is also one of the most influential and the richest person on the planet. They hate it. It drives them crazy. They don't understand because they're not following the rule book that they created and they get mad whenever you don't follow their rule book.

But then this is also just true here. They found cocaine with the Biden Administration and like, yeah, no way we're going to be able to find out who did that and we forgot about it already And this, in my mind, just truly shows the biased nature of what mainstream media has become. and it also is just furthering my belief of why mainstream media is dying. I Truly truly undoubtedly believe that mainstream media is dying.

and all of a sudden you have individual people who are G like garnering fairly their own following because people resonate with them and what they're saying and how they say it. And it's let's be honest, just more trustworthy. And to wrap this all up, the more Xros, the more frequent media attacks on Elon will happen. Reason: Traditional media is a direct competitor to X To be expected, they will stop at Nothing to destroy X AKA Twitter This is what it is.

Yes, maybe they have some personal qualms. Maybe they just don't like how Elon behaves. Maybe they don't like him as a person. but in reality I think it's just a business decision and this is for all mainstream media.

They realize, think about it, when's the last time you went to mainstream media for a breaking story I cannot name the last time I was like oh, let me go see what mainstream Media Company whatever XYZ is saying about this no I go to Twitter and I go to the accounts that I trust I'm like all are they talking about it, are they talking about it? That's because if you want breaking news, obviously Twitter's going to be the fastest. And recently we're finding out that obviously if you want accurate news, Twitter Not always accurate. Of course there's false stories I'm not here in a la la land pretending that it's just like it's always 100% perfect. No, there are aspects of X in Twitter that is accessible of of course there's ass hats on it but relative to mainstream media when they're by definition bought and paid for.

of course that's going to start to resonate with people of why they don't want to be paying attention to mainstream media of and it's going to drive traffic to exact platforms such as Elon Musk's X So to me in my mind, this is such an obvious attack to try to discredit what he is associated with to basically save their own bottom line and you can believe me. You don't have to believe me. But if you look at the ratings, if you look at the revenue dollars, if you look at any important Financial metric related to mainstream media, it is just withering away on the vine. And then there's other independentes forms of media really social media that are continuing to take off, take off, take off.

So am I surprised that Elon Musk is being attacked? No. Do I think that this will continue without a doubt and in reality I Think we all have to just do like 10 seconds of due diligence to realize really what game is being played to realize that there's a high high probability. We can't say this, certainly, but a high high probability that what the mainstream media doing is protecting their own bottom line and they'll try to take down Elon Musk in the inter term just to basically keep lining their own. Pockets A little bit later we have some crypto news that I want to go over.

Uh, how much time do we have till the Market opens? Um I don't know I guess So the other major things I want to get into are the crypto news because we have some pretty interesting news related to the Bitcoin spot ETF and the pricing Wars that are going on literally as we speak this morning which are hilarious. Everyone's trying to undercut the other person which just makes it so freaking funny. and then also I want to get into the insane story. Um, so you might have thought that the whole Elon Musk media like was oh, that's obviously bad.

mainstream media is messed up. You haven't seen anything yet. if you haven't heard of the Bill Amman story from over the weekend Bill Akman uh the CEO he might even be the CI I Don't know, but he's the founder and the CEO of Persing Square. Um, he uh has a wife Neri Oxman I believe her name is and apparently she's it's She's very smart.

She's achieved quite a bit in the world of I believe 3D design. she got her her PhD from MIT she's a smart cookie. uh I guess Business Insider Started coming after her over the weekend or right when the week was concluding and this dude went scorched Earth he went absolutely scorched Earth So if you've seen anything about that story, you know what I'm talking about. You know it's hilarious.

and if you don't know anything about that story, I will be covering it probably at this point after market opens because it is ridiculous. It is absolutely absolutely ridiculous. It's so freaking funny. Um, is there actually how can I bring this up? Okay, maybe we'll do the Bitcoin thing now and then we'll do the bill Amman story right after the Market opens.

So let's talk about Crypto. We got big big big news not only in the world of crypto, but specifically Bitcoin and more specifically The Spot Bitcoin ETF and some crazy crazy updates. So just so you know, at the point that I'm filming, this coin's looking good. Not only did it have its breakout fake out which led to a real breakout then we had some volatility when there was that weird report from Matrix Port of like it's not going to get approved but then people realized that it was BS So it saved itself at the trend line and now we're looking strong at 45,000 looking for the really what I'm looking for in the short term and I'm not really an active Trader of Bitcoin But what I'm looking for is that test of the 48 to $50,000 level 48,000 key technical level 50,000 a key psychological level so that's what I want to see.

But overall, we're seeing higher higher lows. The Bulls are very evidently in control at this moment in time. As of now, Crypto as a whole is worth 1.66 trillion and Bitcoin itself is worth 882 billion on its way to once again reclaiming a trillion do market cap. Very excited.

So you might be thinking what's the big news, What's the big hubbub? You've probably heard about The Spot Bitcoin ETF And yes, people are rightfully excited for that because upon approval then when you get regulatory Clarity and then from there that allows more more money to go into the particular asset class and we know that Supply is going to sa the same. it's never going to go above 21 million. So when demand increases and price is or excuse me Supply is Capp price has to go up. So this is setting up a very interesting situation of who's going to be the leader, who within Wall Street is going to be leading the Bitcoin ETF who's going to get the most money and also what are the implications going to be for the Aps, the authorized participants such as JP Morgan, Gold and Sacks, but then also the custodian coinbase and this is something that I don't really see many people talking about, but the way we're seeing the ETF pricing Wars play out, there could be at least in the short term, some adverse, some negative, some bearish impacts on coinbase.

So I just want to share this with all of you. Uh, so just hear me out for a second. So early this morning to kick off the week and remember, we are supposed to hear from the SEC Gary gender about what is going on. Is it approved? Is it denied by January 10th this? Wednesday So that's exciting because we only have a couple days so that actually plays out and then this Friday we're going to hear from Black Rock with their earnings so that's going to be two days after and I'm assuming by then they'll be have a lot of commentary on the approval Andor potential denial before we keep going I Just want to let you know that I think there's a very, very high chance that a swath of these spot Bitcoin ETFs are all approved at once I think there's a very, very high chance of that.

But anyway, here is the latest news. dang the fee for black Rock's Bitcoin ETF will be. 3% as per their just filed S1 This is much cheaper than predicted. Life just got a lot tougher for everyone else.

The ETF pterodon is no joke and they are throwing it down like it is a serious pter so that came out. Everyone's like okay, where's Black Rock coming in, are they going to be expensive? Are they going to be cheap? This is definitely on the cheap side, but the story did not end there. I spoke too soon re low water mark Arc and 21 Shares are going to 0.25 and no fee for the first 6 months or until $1 billion in assets. So this is just the actual S1 filing from both Arc and 21.

So basically Black Rock came in and said hey, we're going to be cheap and then these companies on they're like no, no, no, no, we're going to be even cheaper. Everyone is just vying for that number one spot of why you should put your money with them and not elsewhere. And obviously one way you could do that is entice potential investors by giving them the cheapest fees. so no fees for the first 6 months or until $1 billion in assets and after that it only goes up to 0.25.

But no no no, did not stop there. Van E is in at 0.25 in one hot minute Fidelity's 39. which when we were all concluding last weeks of trading, that was the best one. But now all of a sudden it's all gone upside down in one hot minute.

Fidelity's 39 went from Wow cheapest in the group to Mid. Although Fidelity has a distribution capability that many others don't, it's just a lot of people keep their money on Fidelity So 39 Now it was one of the cheapest to now it's mid-tier Uh, and actually as of this morning, Grays scale is actually the highest I believe at 1.5% but it didn't even stop there. This all played out this morning just in bitwise. Bitcoin ETF Filing new at the lows of 0.24 they saw people coming in at 0.25 so they're like we'll come in at 0.24 and then wave all fees for the first six months.

So not only is it the cheapest, but it's doing the first free six months and it's not even doing the1 billion cut off. So the other ones probably are going to get a billion dollars before the six months, so it'll jump up first. So as of now and this could change very, very rapidly, Bitwise is making the cheapest appeal to potential investors of saying hey, you're not going to really have to pay much at all and it's just this, literally all played out this morning. It costs less to hold a Bitcoin ETF for a year than a single trade on coinbase and this is exactly what I'm talking about that I Don't see many people talking about but how these pricing Wars are playing out of how in the short term there could actually be adverse impacts on Coinbase, who is obviously the most popular Us crypto exchange and also is going to be the custodian for almost all of the sponsors issuers of The Spot Bitcoin ETF But anyway, when we're talking about price and the easiest, most reasonable way to get yourself some Bitcoin It costs less to hold a Bitcoin ETF for a year than a single trade on Coinbase 40 to 60 versus 25 bips for a retail siiz.

Trader The ETF pterodon has arrived and then Eric who is a well-respected ETF expert from Bloomberg will be interesting to see if crypto exchanges respond with their own fee Cuts before it's too late. So right now, the way this all rapidly played out this morning, things got very, very cheap. and I don't know about you guys, but I'm very interested to see what Coinbase decides to do with their fees to entice people to keep trading on their platform. So so that'll be interesting.

But one important caveat: just before we wrap this all up, please understand that if you own Bitcoin via an ETF you don't actually own Bitcoin not your keys, not your coin. For example, the Spot Gold ETFs you own the ETF but it's a depository receipt and then that the company, the issuer They go out and they buy it so it's backed appropriately. but you're not actually the owner of the gold. you're the owner of the ETF and that will be true also in the Bitcoin case.

So for me, I'm not buying the ETF I'm if I want Bitcoin I'm just going to go buy Bitcoin But that's because I have my own wallets I'm familiar enough with the tech ecosystem to make it easy and safe. But I Just want to let everyone know that if you own the ETF you're the owner of an ETF which happens to own Bitcoin So there's a layer in between you and it is an important Concept in the world of crypto of not your keys, not your coin. So I just want to share that with all of you that they're not exactly the same thing. owning your your own Bitcoin when you have access to it is a bit different than owning an ETF that owns the Bitcoin so just want to share that with all of you.

But as of now, this week is obviously starting to look like it's going to be in an immensely volatile, exciting, hopefully bullish week in the world of crypto. More specifically, Bitcoin and I'm sure in the near future we're going to have even more breaking news. Hopefully, fingers crossed on the approval of a spot Bitcoin ETF So that's what's going on in the world of Crypto. Here's what's going on in the world of markets.

We're a little bit green opening above the close on both the spy and the Q's. We have about 7 minutes so this is nope. I don't want to add an emote I Want to add a poll? Start a poll Market at open. are you guys bullish or are you guys bearish? All right putting up the poll right now.

Uh, cash your vote, Cash your vote. Cash your vote. All right. we have that all set up I Want to make sure that I am set up for my accounts? I Theoretically I should be all right.

Yes, all of my Futures Prop accounts are ready to go. Uh, three of them are already good. Oh, you guys cannot see this. Uh, so three of my accounts are good 53 53 53 Which means uh, in terms of passing the test, Uh, I've already hit the profit point I just need to now trade enough days that like I officially pass the test.

Um so the profits there I just need to trade more days and I think I I think I need two or three and then I should be good and then all one, two, three, four, five, six, seven, eight. the bottom eight are more so for me to try to get those like I Just got them last week and trying to pass the test on all of those. So if it happens, if I knock out all of these, I should have 11 actual PA counts. So as of now I'm attempting to pass a Tas uh, they are all Sim and then as soon as I do, which three of them are pretty much done, uh, then they'll go over to PA And that's the point where we're starting to talk about real money.

Um, so if you're interested I'm doing this on ninja. but the prop account I'm using is through Apex. So basically Apex is connected to ninja. Um, that's all in the description of the video.

if you want to do this, I Like trading it because basically I don't have to risk my own money I just have to risk the fee of taking the test Which is far far, far less than funding my own account. So obviously the world of trading is commonly, uh, just risk ADV Verion. and that's what I'm attempting to do Nvidia is actually looking pretty good this morning. All right, let's see how things are shaping up.

Let's see how things are shaping up. All right. We'll leave Bitcoin right here for now, dude, just cruising. Maybe we'll go to the 30 minute on Bitcoin? Yeah, I'll leave Bitcoin in the bottom right, just in case there's ever craziness.

Uh, actually we're seeing salana with a nice salana up 5 9% almost 6% You have eth that's looking pretty solid too. Uh, any o even Microsoft is now coming back. That's good I didn't like it when it was sub 370 and we're now trying to fight back up at that level. Nvidia is looking good.

looks like it almost wants to retest 500 Netflix a little bit flat this morning Tesla I Do in the short term want to give you bit of a warning on Tesla just because if you look at the daily chart not only did it break below, its EMA Cloud it broke below the 48 EMA and then it's also below this trend line. so there's quite a bit of in the short term price action weakness in Tesla so be careful. I definitely personally would not be the person attempting to catch a falling knife until I see the bull start to return to that particular party. so I just want to share that with all of you.

Um, spy kind of flat. Q's a little bit weaker, but maybe boun ing off this 35 EMA Time will tell, time will tell, time will tell you guys are all voting. Uh I leave for a couple weeks and Matt decides to age 10 years. Dude, it's the beard.

It's the beard. Makes me look more mature, makes me look more reasonable. you know? De Merit accepted. but it was the end of the year and I was very busy at work.

Uh Matt Word of the day? What is the word of the day? Let's bring it up. We might as well teach you guys something. Word of the day. word of the day? Tenacious, persistent, and determined, the tenacious entrepreneur refused to give up on his business despite several setbacks.

Speaking of: Tenacious Do you know how many times uh, what's his name? what's the CEO or the ex CEO's name is Starbucks uh, is it Steve something? Whatever it is the guy who made Starbucks Do you know how many times he was denied from getting his initial business Lan it was like 191 192 times. Dude. If I got denied 190 plus times from anything in my life I would 100% quit. That's the definition of tenacious.

He applied for the business loan over 190 freaking times. Howard Schultz Yeah. I appreciate that I forgot hey, I forgot blows my mind LOL Another wad the wheel of Destiny I could give you guys the wad. If you guys want to know if it's bullish, you guys are voting bullish for open.

But let's see what the day is actually going to be. It agrees. The wheel is guaranteed us bullish right there. You could see it.

Uh, so yeah. no bullish bullish guaranteed. Definitely. Uh, bet all your money on it.

Bet more. Go go get a loan. Go take out a loan in your kids names, your parents name, bet the farm, bet your neighbor. Farm Bet your bet everything.

literally everything and then more leverage guaranteed a bullish day. Uh, speaking of beard again, you want the bottom edge of your beard at the top of your Matt's Apple when looking straight ahead. Oh I think by luck I'm kind of there. Oh shoot.

All right. Well, let's get ready. The market is about to open. Which means it's time for me to try to trade across these I guess 11 accounts.

One two, four, five, 6, 7, 8, nine, 10 11. Yeah, let's see. Let's see. Let's see.

Let's see. Let's see. Let's see. Let's see.

Let's see. All right. Okay, okay, okay, what time is it? All right? The market is opening in 20 seconds, 20 seconds, 20 seconds, 15 seconds. Let's see.

Let's get going. Let's get going. Five 5, 4, 3 2. Order Submitted or order Canel Bada bing Bada Boom You guys are geniuses.

1.1k 1.2 Okay easy peasy lemon squeezies Easy. Thank you I Appreciate that you guys. You know, sometimes I'm in here doubting you I get it. Sometimes I'm in here doubting you I'm like do they know what they're talking about? Do they not know what they're talking about? But that took about half a second to make over $1,000 So I'm I'm just going to say thank you I I Truly truly appreciate it.

Um, the Old Donation of the Mcore is fun. You know the old Don ation uh 996. Let's make 96 the lead account 96 So 70 71 72 I could turn off 70 71 72 I've turned off because they're Above 53k So 96 down to 89 so 96 I need 96 96 is now the lead account. All right.

Cool beans. Uh what just happened? Order submitted I think I messed up but I think I should still be good. Order cancelled. All right.

So I traded there on the other eight accounts: 340 340, 320, 325, 310, 310, 295 285 good climbing slowly but surely and I just need to do one more trade here and then I'll be done with these accounts for the day. Um so I didn't trade on those first three accounts because there's no Advantage for me making more money cuz I'm already pass it. uh like I'm pass the 3K profit to pass the test anyway. But these bottom ones there's very much an advantage for me making more money cuz I need to run those all the way up to 53k.

So that's why I will be doing one more trade today. one more trade, one more trade and then we can see how much money it made. That's always the fun part you know. Um, but what I will be doing is, you know what? Let's let this I guess kind of settle out for a little bit I just want to see what's going on so let's just give it a minute or two to bre.

The Q's are looking good. the Spy looking good. Uh, Bitcoin's holding above 45k What else is moving? What's moving like crazy Salon is moving like crazy Nidia might be going for 500 this morning Nidia Meta was looking good Amazon was teetering on the edge of breakdown AMC hit a new all-time low last week. Netflix was also looking good Microsoft Nvidia and Netflix were all looking pretty good in my book.

Apple was looking looking particularly weak and now we actually have coin going up 3% as well. Interesting. So Coin and Invidia are having pretty good days. Uh, Tesla getting hit a little bit.

probably because the Boomer investors are believing the Wall Street Journal. Actually, that's an interesting question out of all mainstream media sources. Which one do you trust the most? If you had to trust one? Which one is it? Is it? CNN Is it Fox Is it MSNBC Is it The Wall Street Journal Is it Bloomberg Is it Business Insider is it?